09.13.13 Trade Strategy

Quiet overnight trade action in Globex Session…So the key levels that we highlighted in yesterday’s strategy blog remain valid today.  Let’s review those…September (U) Contract.

Pivot high zone 1688 – 90 is key hurdle for bulls…Penetration of this zone and successful hold suggests 1692 – 95 as initial upside target.

Initial support is overnight Globex low 1680 – 82…Three-Day (3D CPZ) Central Pivot Zone (1682 – 84) will also be important marker for bulls. Violation of this zone calls into question bullish case and suggests deeper downside correction which targets 1674 – 76 zone.

Dynamically generated levels will be updated as necessary during session.

Good Trading…David

Habitude Eight
I can recover from any setback. I have an attitude of abundance. I affirm abundance in the universe. I know I cannot begin to count the stars. I realize the ocean doesn’t care whether I go to it with a bucket or a teaspoon. I know the market provides a river of opportunities. I invest in my capabilities. I will be happy with my results.


Leave a Reply